economy

Hudson River posts $11.4bn trading windfall as it seizes on market tumult

Wall Street firm benefited from swings in AI stocks and volatility triggered by Iran war

Hudson River posts $11.4bn trading windfall as it seizes on market tumult

TL;DR

  • Hudson River recorded an $11.4 billion trading profit.
  • The firm profited from the swings in AI stocks.
  • Market volatility triggered by the Iran war also contributed to the gains.